dear friends: modification needed in the IT form.1. Home lone interest is max (2lkah+30000 for home improvement loan). so total must be 2300002. cps amount can be deducted under 80ccd(1). if the amount for 80 c comes greater than 1,50,000, then remaining cps amount can be deducted in 80ccd(1b). So change needed in IT forms3.Star and other type of insurance can be added with NHIS

Additional exemption up to Rs 50,000 in NPS is eligible for income tax deduction.Introduced in Budget 2015, fro FY 2015-16Taxpayers in the highest tax bracket of 30 per cent can save Rs. 15,000 by investing Rs. 50,000 in the NPS. Those in the 20 per cent tax bracket can save aroundRs. 10,000, while people in the 10 per cent tax bracket can save Rs. 5,000 per year by investing in the NPS.The additional tax benefit of 50000 is over and above the benefit of 1.5 Lakhs which can be claimed as a deduction under Section 80CCE.It is irrespective of the type of employment. So, a government employee, a private sector employee, self employed or an ordinary citizen can claim benefit of Rs 50,000 under Section 80CCD(1B).Therefore, the total tax benefits that can be claimed for NPS under Section 80CCD(1) + Section 80CCD(1B) equals to 2 Lakhs for this financial year.

If Employees have savings Rs. 1,50,000 under 80C excluding NPS Deductions, Then the Employee can show their NPS Deductions, under 80 CCD(1B), which is over the 1,50,000 Limit.